flat fee faq

Here is a collection of Flat Fee MLS FAQ that I have put together to help you in listing a home fsbo. If you have any other questions, not listed here, feel free to call or send an e-mail.

By clicking on any of the questions below, you may view the answer.

What is the Realtors® MLS and how does it help me?

The Realtors® Multiple Listing Servicer (MLS) is undoubtedly the greatest marketing tool ever invented for selling your home “By Owner”. The Greatest Advantage is Increased Exposure you will gain when your home is listed in the Realtors® MLS. You will automatically gain exposure on the popular real estate web sites, and you will also gain exposure with real estate agents who are members of the MLS. The MLS will give you the Maximum Exposure and this is the key to a successful transaction. There is no other effective way to sell your property and be successful.

Can I Cancel my Listing?

Yes, you may Cancel at any time and there are No Cancellation Fees!

Do I need to come to your Office?

No, you can email, fax, or mail the necessary paperwork to you. The Sign, the and other products will be mailed to you.

How do I pay for the listing, services and products?

We are a secure site with Pay Pal.

How long will it take for a listing Appear on the Realtors® MLS?

Once our we receive your paperwork, they will try their best to get you Listed on the Realtors® MLS within (24-48) hours.

Will I receive a copy of my MLS Listing?

Yes, absolutely, we will email, fax, or mail a copy to you.

Who will people call for a Showing?

Your Realtors® MLS Listing  will have your contact phone number in the Showing Instructions. . Any and all calls we receive will be forwarded to you. We will not be working with any buyers, so therefore we will not be working against you. There is no additional charge for this.

How many photos can I post on the Realtors® MLS Listing?

You may email 25 the maximum number of photos.

Will my MLS listing look the same?

Yes, absolutely, your Realtors® MLS listing will look exactly the same as one created by a traditional real estate agent. There is no way to distinguish between the two listings.

How long is the listing for?

Two choices, 6 Months or 1 Year.

Will all the forms I need to sell my house be available?

All the forms need for a standard real estate sale are on the website.  If there are additional forms that apply to a specific situation they will be forwarded to you as needed.

Is there someone available if I have questions about the sale of my home?

Yes, absolutely, we will be available during the entire process to guide you to closing. It is required by state law.

Will I need to hire an attorney?

Yes, it is recommended that you hire an attorney. After the negotiation of the sales contract you lawyer will step in and take over till closing.

Who holds earnest money?

Your attorney or the buyers brokerage.

What is co-op broker fee?

When a property is listed on the MLS by one brokerage to sell it, another broker has the right to bring a buyer.  The brokerage that represents the buyer is entitled to a commission as well.  It usually is about half of the full commission.  We recommend 2-2.5%.  Yes, some might think the higher the incentive the more agents will reply.  To be perfectly honest with you if a buyer likes a house and wants to purchase it, I have never heard of a realtor trying to talk him out of it because of  co-op commission.  After all a sale is still a sale.

Does iRealty have the right to sell or refer a buyer to another buyers agent?

No, under no circumstances will we be working against the home seller.  All inquires will be forwarded directly to the home seller, with no competition from us.

Are there any hidden fees?

No. If you purchase optional products or services that is your choice. No surprises at the end.

Take Control of Your Sale Today!

Ready to embark on your journey as a successful for sale by owner? Don’t miss out on this incredible opportunity! Our team of experts is here to guide you through the process, ensuring your questions are answered and your goals are achieved.

Sign up now and unlock the secrets to a successful sale with our flat fee MLS service!

Explore our website for more detailed information and start your journey towards a profitable sale today!

In conclusion, our frequently asked questions flat fee MLS service offers you the chance to take control of your property sale. With our expert guidance, you can save on commission fees while gaining maximum exposure for your listing. Start your journey



sold homeWhat Is A Flat Fee MLS Chicago Listing?

Selling your by owner home without the guidance of a real estate agent could be a complicated task. The major problem for FSBO sellers is visibility. After all, how can you ensure your home is seen by the people who might be interested in buying it without the advertising and marketing of an agent as well as their network of contacts?

A flat fee MLS Chicago listing service comes to the rescue.

In case you didn’t know, a flat fee mls Chicago listing service provides sellers the capability to list their properties on the MLS. It is the main online directory real estate brokers utilize to list their properties, and it shares them along with other brokers who also belong to the local MLS. You will find a plethora of local MLS database, all of which manages listings from their area.

Keep in mind that only an agent could list on the MLS. Strictly by owner you cannot. That is the only thing you are paying for the service. In short, you will not access the other services that are typically provided by real estate agents.

Entry only services

On top of that, the MLS is also often referred to as “entry only” listing. That suggests the agent accessing the listing into the MLS isn’t doing any other activities for the seller. Therefore, potential parties will understand not to call the agent to organize a showing. Instead, they will go straight to the seller.

The key advantage of getting your property listed on the local MLS is that it gets the listing syndicated into the top real estate platforms. Sites such as Realtor.com, Trulia, and Zillow pull data from such local MLS listing. It then serves it to its thousands of users. Chicago Flat Fee MLS Listing is the best exposure for your property.

Why Do I Want To Use It?

Your listing is served to thousands of national and local real estate platforms when you list your property on the MLS. That will offer you a boost exposure to interested buyers. Below are some of the obvious reasons why you need to utilize it today.


You get the same value

Only because you are saving half in realtor expenses does not indicate you are skimping on value. Did you know flat fee agents still deal with the ins and outs of property selling? Their services cover set up like listing your home in an MLS and capturing images. They are also in charge of giving monthly services and continuous support to their client.

After you have discovered a buyer, your agent will handle the closing process to guarantee it goes flawlessly. They will work between you and the seller, helping discuss proposals.

You pay less even if you sell more

It is typical to notice real estate buyers go into bidding battles over properties. Therefore, you will be in great shape in the event your property sells for more than the asking cost. You will get to walk away with more than anticipated.

Save money with a Flat Fee MLS Chicago listing

Flat Fee MLS Chicago

One of the top benefits of working with a by owner flat fee MLS Chicago listing agent is the huge amount of money you will be able to save. Generally, flat fee agents save their customers thousands of dollars - on average $6000. You see, that’s additional thousands you could spend on a down payment.

The majority of flat fee realtors today won’t ask for a price about that much for the services they offer. Typically, these agents come in at 1.5 percent of the overall buying price.

It helps you plan ahead of time

What is amazing about by owner flat fee listings is that your realtor’s fee will not increase along with the selling price. You will pay the same no matter if your home sells for less or greater than the asking value.

Understanding the expenses associated with the sale could help you plan. You are likely on the look-out as well for a new property. Hence, learning the costs you are permitted to pay could help you budget for your new undertaking.

Get peace of mind while the sale continues

No agent can ever assure the sale of a property. But when you go to a flat fee listing, you will prevent some of the stress, which often comes with this procedure.You know already what your agent will charge for the sale, irrespective of how much you get for the house. Thus, there is no need to second-guess your asking price. That’s no small advantage, considering one of the major problems among home sellers is selling their property within the preferred price range.Still, you don’t have the list of duties weighing on your mind every day as you are not trying to sell the property by yourself.

Are There Other Costs I Need To Consider?

By owner flat fee mls chicagoYou might also need to consider the cost you need to pay to an agent. A buyer’s agent commission is an amount you are eager to pay a real estate agent that provides you a willing and able home buyer. On MLS, a buyer’s agent knows what a seller is eager to pay. The amount must be competitive enough, normally between two percent and three percent of the selling price.

What Are The Typical Costs?

Normally, a Chicago Flat Fee MLS listing broker will present to list your property for a flat rate in the range of a hundred bucks to 500 dollars. You can expect to have the listing posted on your local MLS for at least four to twelve months with images and a short narrative of your property along with that service.

Extra services

Apart from the flat fee MLS Chicago listing the majority of companies provide numerous pricing tiers and add-on services. That is where you can pay more for added or advanced services. That could consist of more photos of your home, help to negotiate with prospective buyers, longer contract length, for sale signs, and lockboxes, among others.It might be worth paying for a greater service depending on the size of your home, how rapidly you like to sell your house, and the comfort level along with the home selling procedure.


Are All Flat Fee Realtors Equal?

No. You will find flat fee realtors that have good reputations while some are offering subpar services. To prevent working with those unreliable companies, make sure you find the best flat fee MLS broker servicing in your area. Illinois Flat Fee MLS Listing Broker services should be experienced in this niche FSBO on the MLS market.You also need to make sure they list your home in the suitable local MLS websites. Bear in mind there’s not only one MLS, and the majority of states have a plethora of MLS databases. Often these are clustered by regions. Thus, a good company will guarantee they have coverage for each state.On the other hand, a corrupt firm will simply post your listing in any MLS they are an affiliate of in your state to save cash. It won’t do any good if they market your property in the wrong MLS. Thus, doing your homework could go a very long way.


When we talk about the price, you will find some companies providing cheaper rates. Some offer to list your property without a charge. However, these types of companies are more likely to be disreputable for bad client service and have many hidden charges.Do not be frightened to compare more than one service before you make the decision.It’s important that you also have a responsive broker. Take note that MLS could and will inflict penalties if any status updates are not made within twenty-four hours or if any details are not correct. Putting your property on the market as a “FOR SALE BY OWNER” listing means you are in charge of those penalties.You also like to determine if the broker will forward you any buyer tips from inquiries or contacts, which they will get.A reliable and good MLS listing service will provide terms for immediate cancellation, especially if you prefer not to utilize their service any more.

By owner flat fee mls chicago

Why iRealty Flat Fee Brokerage Is Better?

If you are seeking a dependable and trusted flat fee MLS listing service, iRealty Flat Fee Brokerage Inc. got you covered! Compared to big national companies out there, our client service is personal. We are located right here in our local office. That means you will get the answers and service you deserve!

You could save a huge amount of money selling without an agent. However, you are giving up more of your energy and time. Just keep in mind to do your homework, maximize client service if you have queries, put careful effort into your listing, and be ready to negotiate with the buyer’s agent.

If you fail to sell your home as an FSBO seller, you could restart the procedure along with an agent. Are you still opposed to employing a conventional agent and paying a commission, it’s time that you hire our team.

Here at iRealty Flat Fee Brokerage LLC.,

We believe that listing a property on MLS should not be expensive. We can help you remove the seller agent’s commission, allowing you to save thousands. Listing your property with us lets you market your house on MLS for a flat fee, making it accessible to hundreds and thousands of realtors. Nonetheless, we do not function as your seller’s agent.

With our flat fee MLS Chicago listing program, you are in charge of managing your home sale that includes home showings, negotiations, open houses, and paperwork such as appraisals, disclosures, inspections, and escrow title, among others.

Do you feel you need an expert for specific aspects of your transaction like legal advice, holding escrow, drawing up contracts, or advice on the official offer? You might need to consider employing a lawyer to help in these aspects.

Ninety percent of homes are listed on MLS.

That makes it the #1 platform for realtors. On top of that, buyer’s agents are never discouraged from showing houses listed through iRealty Flat Fee Brokerage Inc. because they get the same commission as other transactions.

Your MLS listing with through iRealty Flat Fee Brokerage Inc. will look just like MLS listings through conventional real estate firms. For more details about our services, call us today at 708-542-4577!

The most asked question....

How can I sell my house cheap In Illinois?

Sell For Sale By Owner

Selling for sal by owner is one way to that you will not have to pay any commission. Although, it can take longer to sell. If you have time and no deadlines this could be an option. Also, you need to have a handle on the transaction itself regarding the legal situations involved with selling a home without a broker for advice.

List with a local flat fee broker

This is the way to sell a home is you can do your own calls and showings. You do have a broker to guide you through the home sale process There is a flat fee to pay upfront, the average is around $99-$500.. You then will have to pay commission if a buyer broker is representing the buyers. If there is not a buyer broker no commission is due at close.

Work with a discount broker for lower commission

Discount brokerages include the flat fee model and full service brokers that work for a decreased commission. This is for home sellers that need a little more guidance.


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